ANSYS (ANSS) Tops Q4 EPS by 23c ; Provides Outlook

ANSYS (NASDAQ: ANSS) reported Q4 EPS of $3.94, $0.23 better than the analyst estimate of $3.71. Revenue for the quarter came in at $805.11 million versus the consensus estimate of $797.49 million.

Management’s 2024 Financial Outlook and Conference Call Information

As previously announced, in light of the pending transaction with Synopsys, Ansys is suspending quarterly earnings conference calls and will no longer be providing quarterly or annual guidance. We expect FY 2024 ACV to grow double-digit and the dollar value of ACV will continue to be highly skewed toward the fourth quarter of the year as has been the case in prior years. Additionally, 2024 quarterly ACV and revenue growth rates are expected to be variable across the quarters and are affected by the performance comparisons to 2023. As a result, we expect Q1 2024 ACV and revenue results to be the lowest amongst the quarters with the expectation that we will see double-digit ACV and revenue growth the remaining quarters of the year.

For earnings history and earnings-related data on ANSYS (ANSS) click here.

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